Tele2 AB (publ) (OTCMKTS:TLTZY) Receives $113.15 Average PT from Analysts

Shares of Tele2 AB (publ) (OTCMKTS:TLTZYGet Rating) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the stock, reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $113.15.

Several equities research analysts have commented on TLTZY shares. JPMorgan Chase & Co. dropped their price target on Tele2 AB (publ) from SEK 169 to SEK 168 and set an “overweight” rating for the company in a research note on Friday, January 14th. SEB Equities lowered Tele2 AB (publ) from a “buy” rating to a “sell” rating and set a SEK 120 target price for the company. in a research note on Monday, February 7th. Zacks Investment Research upgraded Tele2 AB (publ) from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Wednesday, March 23rd. Barclays lowered their target price on Tele2 AB (publ) from SEK 155 to SEK 150 and set an “overweight” rating for the company in a research note on Friday, April 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Tele2 AB (publ) from SEK 115 to SEK 120 in a research note on Thursday, January 13th.

OTCMKTS:TLTZY traded down $0.08 on Wednesday, hitting $7.78. 2,000 shares of the stock were exchanged, compared to its average volume of 5,270. The stock has a market cap of $10.39 billion, a PE ratio of 23.58 and a beta of 0.51. The company has a current ratio of 1.38, a quick ratio of 1.31 and a debt-to-equity ratio of 0.91. The stock has a fifty day moving average of $6.98 and a 200-day moving average of $7.07. Tele2 AB has a fifty-two week low of $6.04 and a fifty-two week high of $7.90.

Tele2 AB (publ) (OTCMKTS:TLTZYGet Rating) last announced its quarterly earnings results on Tuesday, February 1st. The company reported $0.08 EPS for the quarter. The company had revenue of $793.67 million during the quarter, compared to analyst estimates of $778.80 million. Tele2 AB (publ) had a return on equity of 12.79% and a net margin of 16.10%. As a group, analysts predict that Tele2 AB will post 0.3 earnings per share for the current year.

Tele2 AB (publ) Company Profile (Get Rating)

Tele2 AB (publ), a telecom operator, provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, and security services.

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